ETC/USD recovered losses on Thursday and has hit 1.88 levels so far in the day (Kraken). Ichimoku analysis of hourly chart: Tenkan Sen: 1.72 Kijun Sen: 1.76 Trend Reversal: 1.97 (90 EMA) The pair has broken above 55 EMA …
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETC/USD recovered losses on Thursday and has hit 1.88 levels so far in the day (Kraken).
Ichimoku analysis of hourly chart:
Tenkan Sen: 1.72
Kijun Sen: 1.76
Trend Reversal: 1.97 (90 EMA)
The pair has broken above 55 EMA and trying to hold its strength above this level. Short-term trend appears bullish for the pair and it faces immediate resistance at 1.97 levels (90-hour EMA) and a break above will see the pair testing 2.30 levels (200-hour MA)/2.87. On the flipside, support is seen at 1.70 (21-hour EMA) and a break below will drag the pair to 1.53 (78.6% retracement of 1.56 and 1.89)/1.56.
